Caprock Group LLC Has $208,000 Position in Tim S.A. (NYSE:TIMB)

Caprock Group LLC decreased its stake in Tim S.A. (NYSE:TIMB) by 14.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,890 shares of the company’s stock after selling 1,950 shares during the quarter. Caprock Group LLC’s holdings in TIM were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TIMB. Meritage Portfolio Management bought a new position in TIM in the third quarter valued at approximately $3,683,000. Assetmark Inc. increased its holdings in TIM by 10.4% during the third quarter. Assetmark Inc. now owns 309,225 shares of the company’s stock worth $5,325,000 after buying an additional 29,030 shares during the last quarter. QRG Capital Management Inc. raised its position in TIM by 7.9% during the third quarter. QRG Capital Management Inc. now owns 14,881 shares of the company’s stock worth $256,000 after acquiring an additional 1,085 shares in the last quarter. Custom Index Systems LLC lifted its stake in TIM by 17.3% in the third quarter. Custom Index Systems LLC now owns 23,536 shares of the company’s stock valued at $405,000 after acquiring an additional 3,468 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of TIM in the 3rd quarter valued at about $283,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TIMB shares. Scotiabank cut their target price on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research note on Tuesday, November 5th. Barclays reduced their target price on TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th.

TIM Stock Up 1.5 %

Shares of TIMB opened at $13.90 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The company’s 50-day moving average is $15.40 and its 200-day moving average is $15.49. Tim S.A. has a fifty-two week low of $13.68 and a fifty-two week high of $19.14.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a return on equity of 11.73% and a net margin of 12.71%. The company had revenue of $1.16 billion for the quarter. As a group, equities research analysts anticipate that Tim S.A. will post 1.27 EPS for the current year.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th were given a $0.088 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.53%. TIM’s payout ratio is presently 26.98%.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.